SEMPRA ENERGY - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - August 6, 2018

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Exhibit 99.2
 
         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,051

 
$
772

 
$
—

 
$
389

 
$
310

 
$
40

 
$
79

 
$
(77
)
 
 
$
2,564

Cost of sales and other expenses
(667
)
 
(565
)
 
—

 
(301
)
 
(123
)
 
(23
)
 
(91
)
 
59

 
 
(1,711
)
Depreciation and amortization
(169
)
 
(138
)
 
—

 
(15
)
 
(43
)
 
(14
)
 
(11
)
 
(2
)
 
 
(392
)
Impairment losses
—

 
—

 
—

 
—

 
—

 
—

 
(1,300
)
 
—

 
 
(1,300
)
Other income (expense), net
25

 
13

 
—

 
2

 
(95
)
 
—

 
—

 
1

 
 
(54
)
Income (loss) before interest and tax(1)
240

 
82

 
—

 
75

 
49

 
3

 
(1,323
)
 
(19
)
 
 
(893
)
Net interest (expense) income(2)
(52
)
 
(26
)
 
—

 
(3
)
 
(14
)
 
(3
)
 
6

 
(150
)
 
 
(242
)
Income tax (expense) benefit
(42
)
 
(23
)
 
—

 
(21
)
 
55

 
58

 
506

 
50

 
 
583

Equity earnings (losses), net
—

 
—

 
114

 
—

 
71

 
(187
)
 
1

 
(3
)
 
 
(4
)
(Earnings) losses attributable to noncontrolling interests
—

 
—

 
—

 
(7
)
 
(64
)
 
20

 
46

 
—

 
 
(5
)
Earnings (losses)
$
146

 
$
33

 
$
114

 
$
44

 
$
97

 
$
(109
)
 
$
(764
)
 
$
(122
)
 
 
$
(561
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
1,058

 
$
770

 
$
—

 
$
381

 
$
273

 
$
26

 
$
122

 
$
(97
)
 
 
$
2,533

Cost of sales and other expenses(3)
(655
)
 
(564
)
 
—

 
(294
)
 
(130
)
 
(20
)
 
(71
)
 
80

 
 
(1,654
)
Depreciation and amortization
(166
)
 
(126
)
 
—

 
(13
)
 
(37
)
 
(10
)
 
(11
)
 
(5
)
 
 
(368
)
Impairment losses
—

 
—

 
—

 
—

 
(71
)
 
—

 
—

 
—

 
 
(71
)
Other income, net(3)
19

 
24

 
—

 
2

 
60

 
1

 
—

 
2

 
 
108

Income (loss) before interest and tax(1)(4)
256

 
104

 
—

 
76

 
95

 
(3
)
 
40

 
(20
)
 
 
548

Net interest (expense) income(2)
(49
)
 
(27
)
 
—

 
(5
)
 
(17
)
 
(2
)
 
3

 
(55
)
 
 
(152
)
Income tax (expense) benefit
(54
)
 
(19
)
 
—

 
(20
)
 
(102
)
 
5

 
(18
)
 
41

 
 
(167
)
Equity earnings, net(4)
—

 
—

 
—

 
—

 
—

 
16

 
2

 
—

 
 
18

(Earnings) losses attributable to noncontrolling interests
(4
)
 
—

 
—

 
(6
)
 
15

 
7

 
—

 
—

 
 
12

Earnings (losses)
$
149

 
$
58

 
$
—

 
$
45

 
$
(9
)
 
$
23

 
$
27

 
$
(34
)
 
 
$
259

 
 
(1)
Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.
(2)
Includes interest income, interest expense and preferred dividends.
(3)
As adjusted for the retrospective adoption of ASU 2017-07.
(4)
As adjusted for a reclassification to conform to current year presentation.




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         SEMPRA ENERGY
           Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
2,106

 
$
1,898

 
$
—

 
$
815

 
$
618

 
$
65

 
$
183

 
$
(159
)
 
 
$
5,526

Cost of sales and other expenses
(1,308
)
 
(1,278
)
 
—

 
(638
)
 
(252
)
 
(44
)
 
(193
)
 
123

 
 
(3,590
)
Depreciation and amortization
(335
)
 
(273
)
 
—

 
(29
)
 
(86
)
 
(27
)
 
(22
)
 
(6
)
 
 
(778
)
Impairment losses
—

 
—

 
—

 
—

 
—

 
—

 
(1,300
)
 
—

 
 
(1,300
)
Other income (expense), net
53

 
46

 
—

 
3

 
(2
)
 
—

 
—

 
(1
)
 
 
99

Income (loss) before interest and tax(1)
516

 
393

 
—

 
151

 
278

 
(6
)
 
(1,332
)
 
(43
)
 
 
(43
)
Net interest (expense) income(2)
(103
)
 
(53
)
 
—

 
(7
)
 
(29
)
 
(6
)
 
11

 
(266
)
 
 
(453
)
Income tax (expense) benefit
(98
)
 
(82
)
 
—

 
(41
)
 
(100
)
 
65

 
494

 
56

 
 
294

Equity earnings (losses), net
—

 
—

 
129

 
1

 
30

 
(182
)
 
1

 
(3
)
 
 
(24
)
Losses (earnings) attributable to noncontrolling interests
1

 
—

 
—

 
(14
)
 
(62
)
 
41

 
46

 
—

 
 
12

Earnings (losses)
$
316

 
$
258

 
$
129

 
$
90

 
$
117

 
$
(88
)
 
$
(780
)
 
$
(256
)
 

$
(214
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
SDG&E
 
SoCalGas
 
Sempra Texas Utility
 
Sempra South American Utilities
 
Sempra Mexico
 
Sempra Renewables
 
Sempra LNG & Midstream
 
Consolidating Adjustments, Parent & Other
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
2,115

 
$
2,011

 
$
—

 
$
793

 
$
537

 
$
48

 
$
254

 
$
(194
)
 
 
$
5,564

Cost of sales and other expenses(3)
(1,275
)
 
(1,367
)
 
—

 
(620
)
 
(251
)
 
(35
)
 
(199
)
 
163

 
 
(3,584
)
Depreciation and amortization
(329
)
 
(252
)
 
—

 
(26
)
 
(73
)
 
(19
)
 
(21
)
 
(8
)
 
 
(728
)
Impairment losses
—

 
—

 
—

 
—

 
(71
)
 
—

 
—

 
—

 
 
(71
)
Other income (expense), net(3)
41

 
38

 
—

 
5

 
187

 
1

 
1

 
9

 
 
282

Income (loss) before interest and tax(1)(4)
552

 
430

 
—

 
152

 
329

 
(5
)
 
35

 
(30
)
 
 
1,463

Net interest (expense) income(2)
(98
)
 
(52
)
 
—

 
(9
)
 
(47
)
 
(5
)
 
9

 
(113
)
 
 
(315
)
Income tax (expense) benefit
(144
)
 
(117
)
 
—

 
(39
)
 
(244
)
 
16

 
(19
)
 
85

 
 
(462
)
Equity earnings (losses), net(4)
—

 
—

 
—

 
1

 
(9
)
 
18

 
3

 
—

 
 
13

(Earnings) losses attributable to noncontrolling interests
(6
)
 
—

 
—

 
(13
)
 
10

 
10

 
—

 
—

 
 
1

Earnings (losses)
$
304

 
$
261

 
$
—

 
$
92

 
$
39

 
$
34

 
$
28

 
$
(58
)
 
 
$
700

 
 
(1)
Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.
(2)
Includes interest income, interest expense and preferred dividends.
(3)
As adjusted for the retrospective adoption of ASU 2017-07.
(4)
As adjusted for a reclassification to conform to current year presentation.



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